Carrier Global Corp
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Carrier Global Corp (CARR). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Climate Solutions Americas | $2.57B 49.3% | $3.25B 53.2% | $2.50B 46.8% | $3.37B 53.1% |
| Climate Solutions Europe | $1.17B 22.4% | $1.25B 20.5% | $1.29B 24.2% | $1.32B 20.8% |
| Climate Solutions Asia Pacific, Middle East & Africa | $826.0M 15.8% | $882.0M 14.4% | $834.0M 15.6% | $917.0M 14.4% |
| Climate Solutions Transportation | $651.0M 12.5% | $726.0M 11.9% | $713.0M 13.3% | $738.0M 11.6% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Climate Solutions Americas | $570.0M 22.2% | $879.0M 27.0% | $373.0M 14.9% | $823.0M 24.4% |
| Climate Solutions Europe | $105.0M 9.0% | $99.0M 7.9% | $89.0M 6.9% | $95.0M 7.2% |
| Climate Solutions Asia Pacific, Middle East & Africa | $121.0M 14.6% | $135.0M 15.3% | $81.0M 9.7% | $108.0M 11.8% |
| Climate Solutions Transportation | $97.0M 14.9% | $128.0M 17.6% | $101.0M 14.2% | $118.0M 16.0% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| United States | $2.74B 52.5% | $3.43B 56.1% | $2.66B 49.7% | $3.54B 55.7% |
| Europe | $1.40B 26.8% | $1.52B 24.9% | $1.55B 29.0% | $1.58B 24.9% |
| Asia Pacific | $941.0M 18.0% | $981.0M 16.0% | $986.0M 18.5% | $1.03B 16.2% |
| Other | $138.0M 2.6% | $183.0M 3.0% | $149.0M 2.8% | $205.0M 3.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | Q1 2025 | Q2 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Product | $4.65B 89.2% | $5.48B 89.6% | $4.67B 87.4% | $5.63B 88.7% |
| Service | $566.0M 10.8% | $636.0M 10.4% | $674.0M 12.6% | $717.0M 11.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Remaining performance obligations
Remaining performance obligations are the part of the business already sold but not yet delivered and therefore not yet booked as revenue. In subscription and project businesses it points the way earlier than revenue does.
| As of | Remaining performance obligations |
|---|---|
| Q4 2020 | $5.40B |
| Q3 2020 | $5.60B |
| Q2 2020 | $5.40B |
| Q1 2020 | $5.10B |
| Q4 2019 | $4.70B |
Operating metrics
Operating metrics are the figures a company uses to measure its own business — customer counts, stores, deliveries or the churn rate. None of them appear in the financial statements, and they often explain earlier than revenue does why revenue is moving.
| Metric | Q2 2025 | Q3 2025 | Q1 2026 |
|---|---|---|---|
| Light commercial business volume change (Climate Solutions Americas) | -23.0% | -4.0% | 9.0% |
| Residential/light commercial volume change (Climate Solutions Europe) | -1.0% | -2.0% | 2.0% |
| Commercial business volume change (Climate Solutions Europe) | 2.0% | -4.0% | -5.0% |
| Truck and trailer business volume change (Climate Solutions Transportation) | -4.0% | -4.0% | -7.0% |
| Residential business volume change (Climate Solutions Americas) | 11.0% | -30.0% | -12.0% |
These metrics are not part of the financial statements; they sit in the narrative text of the filings. We read them out of the SEC filings using artificial intelligence and check every single figure against the original passage in the report; anything that is not found there verbatim is discarded. Source: SEC EDGAR (annual and quarterly reports, 10-K/10-Q).
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.